Bank of Montreal Can lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 21.0% in the 1st quarter, Holdings Channel reports. The firm owned 143,778 shares of the company’s stock after selling 38,224 shares during the quarter. Bank of Montreal Can’s holdings in Hasbro were worth $12,225,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in HAS. CSat Investment Advisory L.P. lifted its holdings in shares of Hasbro by 77.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock worth $25,000 after acquiring an additional 134 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Hasbro by 7,213.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after acquiring an additional 2,115,671 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Hasbro by 46.3% in the 4th quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Hasbro by 41.4% in the 4th quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock worth $34,000 after acquiring an additional 123 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Hasbro by 38.2% in the 4th quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock worth $38,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.
In related news, SVP Tarrant L. Sibley sold 4,000 shares of Hasbro stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $102.20, for a total transaction of $408,800.00. Following the completion of the sale, the senior vice president now owns 21,703 shares in the company, valued at approximately $2,218,046.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dolph Johnson sold 17,000 shares of Hasbro stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $102.20, for a total transaction of $1,737,400.00. Following the sale, the executive vice president now owns 45,338 shares of the company’s stock, valued at approximately $4,633,543.60. The disclosure for this sale can be found here. Insiders have sold a total of 342,369 shares of company stock valued at $35,100,884 in the last quarter. 9.30% of the stock is currently owned by company insiders.
Several equities research analysts have recently issued reports on HAS shares. DA Davidson raised their target price on shares of Hasbro to $120.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. TheStreet lowered shares of Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. ValuEngine lowered shares of Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. BidaskClub upgraded shares of Hasbro from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Barclays raised their target price on shares of Hasbro from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Hasbro currently has an average rating of “Buy” and a consensus price target of $105.07.
Shares of HAS opened at $103.69 on Tuesday. Hasbro, Inc. has a 1-year low of $76.84 and a 1-year high of $109.60. The stock has a market cap of $13.18 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.17 and a beta of 0.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.77 and a quick ratio of 2.26.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.29. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The company had revenue of $732.51 million during the quarter, compared to analyst estimates of $665.96 million. During the same quarter last year, the business posted $0.10 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts forecast that Hasbro, Inc. will post 4.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.68 per share. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a yield of 2.62%. Hasbro’s dividend payout ratio (DPR) is presently 70.65%.
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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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